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Tower Semiconductor shares jump after Q1 earnings beat on AI-driven demand
Key takeaways
- Adjusted earnings per share came in at $0.65, topping estimates of $0.55.
- Net profit for the quarter was $65 million, or $0.57 diluted EPS, up from $40 million, or $0.35 diluted EPS, in the prior-year period.
- Gross profit rose to $111 million, while operating profit increased to $65 million, reflecting stronger profitability versus last year.
Tower Semiconductor shares jump after Q1 earnings beat on AI-driven demand Proactive Wed, May 13, 2026 at 10:14 PM GMT+7 2 min read TSEM Tower Semiconductor shares jump after Q1 earnings beat on AI-driven demand Proactive uses images sourced from Shutterstock Tower Semiconductor (NASDAQ:TSEM) reported better-than-expected financial results for the first quarter and issued an upbeat outlook, sending its shares 12% higher on Wednesday morning.
For the quarter ended March 31, 2026, Tower Semiconductor reported revenue of $413.6 million, compared with $358 million a year earlier, representing 15% year-over-year growth and above consensus estimates of about $408 million.
Adjusted earnings per share came in at $0.65, topping estimates of $0.55.
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